Cotton #2 Futures Market News and Commentary
The front month cotton futures dropped 1.9% to 3.3% on Wednesday with losses of as much as 273 points. July futures are still 119 points above last week’s low. The market continues to fret about the debt ceiling negotiations, and about mixed signals regarding further Fed rate hikes in June.
The online cotton trading platform The Seam reported 8,064 bales sold at 72.40 cents for 5/23. The Cotlook A Index for 5/23 was 155 points weaker to 94.50 cents/lb. The AWP for cotton for the week is 68.10 cents/lb, and will be updated after the close on Thursday.
Jul 23 Cotton closed at 81.72, down 263 points,
Dec 23 Cotton closed at 80.28, down 216 points,
Mar 24 Cotton closed at 80.27, down 204 pointsOn the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please... Read more
- Easing of the Texas Drought for Cotton Farmers & Minor Dryness for Midwest Grains
In Jim's video, the focus is not only on cotton and the grains but also connects more of the El Niño dots
- Midweek Cotton Futures Fall Triple Digits
The front month cotton futures dropped 1.9% to 3.3% on Wednesday with losses of as much as 273 points. July futures are still 119 points above last week’s...
- Cocoa Prices Close Slightly Lower on a Stronger Dollar
July ICE NY cocoa (CCN23 ) on Wednesday closed down -6 (-0.20%), and July ICE London cocoa #7 (CAK23 ) closed down -3 (-0.13%). Cocoa prices Wednesday...
- Sugar Prices Fall as Dry Conditions in Brazil Boost the Sugar Harvest
July NY world sugar #11 (SBN23 ) on Wednesday closed down -0.32 (-1.24%), and Aug London white sugar #5 (SWQ23 ) closed down -5.40 (-0.76%). Sugar prices...
- Coffee Prices Close Moderately Higher on Tight Global Supplies
July arabica coffee (KCN23 ) on Wednesday closed up +0.55 (+0.29%), and July ICE robusta coffee (RMN23 ) closed up +16 (+0.63%). Coffee prices Wednesday...
- Coffee Prices Firm on Tight Global Supplies
July arabica coffee (KCN23) this morning is up +0.60 (+0.32%), and July ICE robusta coffee (RMN23) is up +14 (+0.55%). Coffee prices this morning are moderately...